iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) Hits New 12-Month High – Here’s Why

iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $37.83 and last traded at $37.41, with a volume of 144287 shares traded. The stock had previously closed at $37.18.

iShares Robotics and Artificial Intelligence Multisector ETF Trading Down 0.1 %

The stock has a market cap of $740.32 million, a P/E ratio of 20.73 and a beta of 1.45. The business’s fifty day simple moving average is $35.05 and its 200 day simple moving average is $33.89.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Lynx Investment Advisory bought a new stake in iShares Robotics and Artificial Intelligence Multisector ETF during the 2nd quarter worth about $25,000. Adirondack Trust Co. bought a new stake in shares of iShares Robotics and Artificial Intelligence Multisector ETF during the second quarter worth approximately $50,000. Family Firm Inc. acquired a new position in iShares Robotics and Artificial Intelligence Multisector ETF in the second quarter valued at approximately $57,000. Ashton Thomas Private Wealth LLC bought a new position in iShares Robotics and Artificial Intelligence Multisector ETF in the second quarter valued at approximately $128,000. Finally, LRI Investments LLC acquired a new stake in iShares Robotics and Artificial Intelligence Multisector ETF during the 3rd quarter worth $126,000.

About iShares Robotics and Artificial Intelligence Multisector ETF

The iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an equal-weighted index of global equities involved in robotics and artificial intelligence. IRBO was launched on Jun 26, 2018 and is managed by BlackRock.